The great renminbi guessing game

Longer-term prospects for renminbi internationalisation are positive, but its short-term development is more veiled.
<div class="ArticleImageCaption" style="text-align: left;">There are Rmb371 billion offshore deposits in Hong Kong</div>
<div class="ArticleImageCaption" style="text-align: left;">There are Rmb371 billion offshore deposits in Hong Kong</div>

The internationalisation of the renminbi is without precedent. No currency has ever been internationalised before its capital account has been fully opened, and certainly not on the scale of the renminbi.

¬ Haymarket Media Limited. All rights reserved.

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